US propylene stocks drop 8%, reach lowest level since April

28 July 2010 20:15[Source: ICIS news]

HOUSTON (ICIS)--US propylene inventories fell by more than 8% in the week ended 23 July, while US refinery utilisation rates were off by a percentage point, the US Energy Information Administration (EIA) said on Wednesday.

Refinery-sourced propylene stockpiles last week stood at 2.886m bbl, down from 3.143m bbl in the week ended 16 July.

The latest inventory levels were the lowest since the EIA reported 2.773m bbl in stock during the week ended 16 April.